NEW YORK, NY and SAN DIEGO, CA / ACCESSWIRE / November 29, 2017 / Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Barracuda Networks Inc. (CUDA) (''CUDA'' or the ''Company'') in connection with the proposed acquisition of the Company by private equity firm Thoma Bravo LLC (''Thoma Bravo'').
On November 27, 2017, the Company announced a definitive agreement for Thoma Bravo to acquire all outstanding shares of CUDA in a transaction valued at approximately $1.6 billion. Under the terms of the agreement, CUDA shareholders will receive $27.55 in cash for each CUDA share they own.
Investors who currently hold shares of Barracuda Networks Inc. and held prior to the November 27, 2017 merger announcement, are urged to contact the firm immediately at firstname.lastname@example.org or (800) 575-0735 or (212) 545-4774. ClubCorp shareholders have the option to file a class action lawsuit to ensure the Board of Directors obtains the best possible price for shareholders and the disclosure of all material information.
Wolf Haldenstein is investigating whether the Board of Directors' decision to sell the company now at a low price per share rather than allow shareholders to continue to participate in the company's continued success and future growth prospects is in shareholders' best interests.
Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.
If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at email@example.com, or visit our website at www.whafh.com.
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SOURCE: Wolf Haldenstein Adler Freeman & Herz LLP